https://www.rnz.co.nz/assets/news_crops/116664/eight_col_063_1298961482.jpg?1611855369 Users of popular US platforms for trading stocks are in an uproar after a curb on buying shares in games firm GameStop and other companies. It is the latest twist in a battle that has pitted amateur investors against Wall Street giants. A Gamestop store in California Photo: AFP / Getty Images The moves by Robinhood and Interactive Brokers follow days of frenzied trading that led to massive gains for some stocks. Robinhood banned the buying of shares in GameStop and other beaten-down companies that registered sky-high price moves on speculative bets. Other stocks hit by the sudden rule include movie theatre chain AMC, Blackberry and Nokia. Shares in GameStop dived by as much as 55 percent after the restrictions. Major hedge funds had bet billions of dollars that GameStop’s shares would fall. But they have faced major losses after amateurs, swapping tips on social media sites such as ...

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https://www.beehive.govt.nz/sites/default/files/2017-11/beehive-red-og_0.png New research into what Kiwis want from tourism and domestic holidays has been released to help the industry adjust to the impact of COVID19 on borders and international travel. Tourism Minister Stuart Nash says research commissioned by Crown entity Tourism New Zealand will help the industry better understand how to focus on domestic tourists until it is safe to open our borders again. “The research found Kiwis are looking much more closely at their own backyard and at regions and attractions they may have taken for granted in the past,” Mr Nash said. “Domestic tourists have different expectations from international travellers, although there is much common ground. Like international tourists, domestic travellers are attracted by our special qualities, like landscapes and friendly people, and our safe reputation. “However domestic tourists are put off by activities that are too expensive, and the experience is spoiled if it feels too ‘touristy’. ...

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https://www.elanka.com.au/wp-content/uploads/2021/01/Sunil-Wijeratna.jpg Source:Island Sunil Wijeratna, my beloved cousin passed away in Zurich, Switzerland, while convalescing following surgery in Colombo, after a nasty fall in Kandy in February 2020. After the surgery in Colombo, he was flown to Switzerland by special air ambulance arranged by his two sons, Norman and Ranil Wijeratna, who live in Zurich. Both are high calibre professionals in engineering and technology and are married and have their own children. Sunil was in hospital in Zurich until he passed away in mid-October. He telephoned me from the hospital few days before his death; he was my favourite cousin and we were in touch with each other for many years. He migrated to Europe in 1973, after studying the options, and settled in Zurich working many years till retirement in 2010 for a leading Swiss finance company, CSC, as data base administrator. He returned to the homeland he loved taking ...

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https://www.rnz.co.nz/assets/news_crops/107658/eight_col_Prof_Michael_Baker_-_LowRes-2.jpg?1597750493 The government should impose a week-long home quarantine for returnees after they have left managed isolation facilities to reduce the risk of community spread, epidemiologist Michael Baker says. University of Otago epidemiologist Professor Michael Baker. Photo: University of Otago Wellington / Luke Pilkinton-Ching​ Three positive cases, a Northland woman and a father and daughter in Auckland, were detected this week after they had left their managed isolation facility – the Pullman Hotel in central Auckland. The three people caught the virus from an infectious person staying at the same facility. The initial source was sent to a quarantine facility once they tested positive. More than 36,000 tests have been completed in the last week, 22,000 of those in the community, since the positive cases were confirmed. No new cases have been identified. University of Otago epidemiologist Professor Michael Baker told Morning Report this latest scare has renewed his concerns ...

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https://www.rnz.co.nz/assets/news_crops/77160/eight_col_20181010-29610-1sb0nv7.jpg?1553535734 Fonterra is blaming an open valve for a spill of 170,000 litres of skim milk into the Tasman Sea from its Whareroa plant in Taranaki. A similar incident occurred at the plant in 2008. Photo: RNZ / YouTube The leak left globules of fat dispersed along the foreshore of Ohawe and Waihi beaches, near Hāwera. In a similar mishap in 2008, the dairy giant spilt 110,000 litres of skim milk into the ocean from the same plant. In a statement, Fonterra’s general manager for lower North Island operations, Tony MacLean, said the November fault caused milk to overwhelm the plants wastewater system. “A valve on a pipe that we transfer milk through opened, releasing milk into the waste water drain instead of it reaching its intended location of another milk silo. “As soon as we became aware of the leak, we stopped the transfer of the milk. However our ...

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https://www.elanka.com.au/wp-content/uploads/2021/01/The-Oxford-AstraZeneca-vaccine.jpg Source:Ceylontoday The Oxford-AstraZeneca vaccine is being manufactured locally by the Serum Institute of India, the world’s largest vaccine manufacturer. It says it is producing more than 50 million doses a month. The jab is administered in two doses given between four and 12 weeks apart. It can be safely stored at temperatures of 2C to 8C, about the same as a domestic refrigerator, and can be delivered in existing health care settings such as doctors’ surgeries.  The jab developed by Pfizer-BioNTech, which is currently being administered in several countries, must be stored at -70C and can only be moved a limited number of times – a particular challenge in India, where summer temperatures can reach 50C. International clinical trials of the Oxford-AstraZeneca vaccine showed that when people were given a half dose and then a full dose, effectiveness hit 90%. Source link ...

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https://www.rnz.co.nz/assets/news_crops/113847/eight_col_astra.jpg?1606427575 Germany’s vaccine committee has said AstraZeneca’s Covid jab should only be given to people aged under 65. German vaccine officials say there is not enough data about the efficacy of AstraZeneca’s Covid jab for older people. Photo: Verwendung weltweit/ AFP The committee cited “insufficient data” over its efficacy for older people. The European Medicines Agency is to decide on Friday whether to approve the vaccine for use across the EU. The UK has been using the AstraZeneca vaccine in its mass immunisation programme for weeks now, and public health officials say it is safe and provides “high levels of protection”. The German announcement comes as the EU is in dispute with leading manufacturers over a shortage of vaccines on the continent. UK-based AstraZeneca has said production issues at its Europe-based plants mean it will be unable to deliver the promised number of doses to the bloc. But the EU ...

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https://www.rnz.co.nz/assets/news_crops/116627/eight_col_111411982_l.jpg?1611793918 New Zealand’s response to the pandemic has made made it a favourable target for merger and acquisition activity, following a tumultuous year of highs and lows. (File image). Photo: 123RF An annual report from the law firm, MinterEllisonRuddWatts, says New Zealand was seen as a haven for international investors, although it also expects to see a big year for initial public offers, which will drive those assets away from merger and acquisition (M&A) activity. “With the increase in the stock market and more cash in the market looking for returns above bank deposit rates, we think the pendulum is swinging back in favour of IPOs [initial public offerings],” the report says. Despite that, legal partner Silvana Schenone said New Zealand was likely to see more M&A activity as a result of its handling of Covid-19. “After an initial Covid-19 shock in March 2020, when New Zealand was first put ...

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https://www.elanka.com.au/wp-content/uploads/2021/01/ceylon-society.jpg First General Meeting 2021At 6.00 PM on Sunday 28 FebruaryVenue: Pennant Hills Community Centre Hall,Cnr. Ramsay Road (off Yarrara Road), Pennant Hills Talk by Prianga de FonsekaRIBA, Graduate in Architecture (UTS)Principal Design Architect – Design Director.will speak on“The History and Development of Architecturein Sri Lanka”. Prianga will show how Architecture has progressed in Sri Lanka by highlighting significant examples of projects from the pre-historic era through to the present, comparing its evolution to other civilisations around the world. The development of architecture in the present and recent past after the colonial period, and the influence of this era on traditional local architecture and how this was adapted to suit our tropical climate, is significant in the evolution of architecture of Sri Lanka. The present era, incorporating the advances in technology, in engineering and with Sri Lanka’s economy accommodating tourism as its major earner, has led to a revolutionary new ...

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https://www.rnz.co.nz/assets/news_crops/116655/eight_col_BeFunky-collage.jpg?1611816887 More details have emerged about two new community cases, Australia extended its travel bubble suspension, and new instructions were given to people staying in managed isolation. Here’s a summary of today’s Covid-19 developments in New Zealand. More cases have been linked to the Pullman Hotel MIQ facility, Australia has extended its ban on a travel bubble for Kiwis, and police closed down a community checkpoint, amog today’s other events. Photo: RNZ / Dom Thomas Further details about two new community cases of Covid-19 emerged today, including that they are a father and daughter who stayed at the Pullman Hotel in managed isolation around the same time as a 56-year-old Northland woman who was confirmed to have the virus on Sunday. Just like the woman, they also have the highly transmissible South African strain. Covid-19 Response Minister Chris Hipkins said preliminary genomic sequencing showed a link between them and the ...

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